Cost of summer floods proves high as industry reports poor six-month results
This year's first-half results revealed a reverse in fortunes for Lloyd's and London market firms, while general insurers took a hit from the summer floods.
Lloyd's players are more accustomed to major losses in the second half of the year, so the extraordinarily high level of catastrophes in the six months to 30 June 2011 brought an unwelcome change.
But
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